Outcome of the Meeting of the Board of Directors of AVI Polymers Limited pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015 - Allotment of Equity Shares
Awaiting price reaction for this filing.
AVI Polymers Limited has allotted 8,99,95,400 Rights Equity Shares of face value ₹10 each at a price of ₹10 per share, aggregating to approximately ₹90 crores. This follows the Letter of Offer dated February 13, 2026, with the basis of allotment finalized in consultation with BSE Limited and the Registrar to the Issue. The shares were issued at par (no premium). Additionally, Brickwork Ratings India Private Limited has been appointed as the SEBI-registered Monitoring Agency to oversee the utilization of the funds raised through the Rights Issue.
Existing shareholders who exercised their rights entitlement have received the allotted shares, increasing the company's share capital. The appointment of a monitoring agency ensures transparent use of the ₹90 crore raised. Share price may see dilution-related pressure depending on how the capital is deployed.